Overview and Scope
Mechanical, electrical, and plumbing (MEP) refers to the installation of services that provide a comfortable space for building occupants. Mechanical electrical and plumbing (MEP) software refers to a type of computer-aided design (CAD) software used by engineers, designers, and contractors to design, model, and document mechanical, electrical, and plumbing systems in buildings. They are used for creating 2D and 3D drawings of mechanical, electrical, and plumbing systems.
Sizing and Forecast
The mechanical electrical and plumbing software market size has grown rapidly in recent years. It will grow from $4.56 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increased demand for energy-efficient buildings, regulatory compliance, increasing urbanization, global construction boom, efficiency gains in project delivery, complexity of building designs..
The mechanical electrical and plumbing software market size is expected to see rapid growth in the next few years. It will grow to $7.56 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to renewable energy integration, focus on maintenance and facility management, global infrastructure investments, sustainable design and certification, data security and privacy measures.. Major trends in the forecast period include building information modeling (bim) integration, cloud-based solutions, mobile accessibility and field integratio, iot and smart building integration, focus on collaboration and communication..
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Segmentation & Regional Insights
The mechanical electrical and plumbing software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premises
3) By Application: Construction Industry, Electrical Industry, Mechanical Engineering, Plumbing Industry, Other Applications
North America was the largest region in the mechanical electrical and plumbing software market in 2023. The regions covered in the mechanical electrical and plumbing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for energy-efficient buildings is expected to propel the growth of the mechanical, electrical, and plumbing software market going forward. Energy-efficient buildings refer to structures designed and constructed to minimize energy consumption and maximize resource efficiency while maintaining comfort, functionality, and occupant well-being. Mechanical electrical and plumbing software aids in operational efficiency, lifecycle analysis, and green building certification, meeting the rising awareness of environmental impact. For instance, in October 2022, according to the US Green Building Council (USGBC), a US-based non-profit organization, in the US over 5,000 additional projects were leadership in energy and environmental design (LEED) certified in 2022, and 8,800 additional project registrations were made in 2022. Further, in February 2022, 1,077 leadership in energy and environmental design projects were approved in China, covering more than 152 million square feet of certified Leadership In Energy And Environmental Design space in 2021. Therefore, the increasing demand for energy-efficient buildings is driving the growth of the mechanical, electrical, and plumbing software market.
Key Industry Players
Major companies operating in the mechanical electrical and plumbing software market report are Siemens AG, Schneider Electric, Ecolab Inc., EMCOR Group Inc., GDI Integrated Facility Services Inc., Dassault Systèmes SE, Autodesk Inc., Trimble Inc., Sage Group, AVEVA Group, Bentley Systems Incorporated, Caravan Facilities Management LLC, Knight Facilities Management Inc., Graphisoft SE, ProTenders Inv., Continuum Services, EDSA Micro Corporation, Camelot Facility & Property Management, Crockett Facilities Services Inc., CYPE Ingenieros SA, MEPcontent, BIM-ME, Choice Facility Services & Construction Inc., Dohn Engineering PLC, Assurance Facility Management Inc., eSUB Construction Software, Global Facility Solutions Inc., Priosoft Construction Software
The mechanical electrical and plumbing software market report table of contents includes:
1. Executive Summary
2. Mechanical Electrical And Plumbing Software Market Characteristics
3. Mechanical Electrical And Plumbing Software Market Trends And Strategies
4. Mechanical Electrical And Plumbing Software Market – Macro Economic Scenario
5. Global Mechanical Electrical And Plumbing Software Market Size and Growth
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32. Global Mechanical Electrical And Plumbing Software Market Competitive Benchmarking
33. Global Mechanical Electrical And Plumbing Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mechanical Electrical And Plumbing Software Market
35. Mechanical Electrical And Plumbing Software Market Future Outlook and Potential Analysis
36. Appendix
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